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Meanwhile, Volkswagen chief executive Matthias Muller in an interview to Frankfurter Allgemeine Zeitung said the company will start recall of vehicles by January and fix the issue by the end of next year.

Analysts say this year’s defense bill contains a few of the most significant reforms to the Department of Defense in decades, including measures to cut the Pentagon bureaucracy and modify retirement benefits. Carter later signed Congress’s second proposal, which did...

The most active gold contract for December delivery went up 1 USA dollars, or 0.09 percent, to settle at 1,137.60 dollars per ounce. Non-farm payrolls rose by only 142,000 last month, below economists’ expectations of 203,000.

Embattled German automaker Volkswagen on Friday tapped an executive from Porsche as the group’s new chief – and pledged a major managerial shakeup as it tries to navigate the backlash over its attempt to get around us emissions regulations. He is head of Porsche,...

All three major US indexes have gained since Friday when a weak U.S.jobs report led to expectations that the Federal Reserve would not raise interest rates this year, meaning the era of near-zero interest rates would continue. Stocks had trimmed a few of their gains earlier in...

Axis Bank, private sector bank in India, announced that the bank has reduced its base rate by 35 basis points to 9.50% with effect from October 05, 2015. (The move could pave the way for a relook at the system of base rates – the floor lending rate for banks – and the...